iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stake Lifted by Apella Capital LLC

Apella Capital LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 325,084 shares of the company’s stock after acquiring an additional 6,394 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 2.7% of Apella Capital LLC’s investment portfolio, making the stock its 9th biggest position. Apella Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $65,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Traction Financial Partners LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $323,000. QRG Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $329,000. CFS Investment Advisory Services LLC increased its position in iShares MSCI USA Momentum Factor ETF by 2.3% during the 4th quarter. CFS Investment Advisory Services LLC now owns 13,075 shares of the company’s stock worth $2,051,000 after purchasing an additional 300 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $408,000. Finally, Blair William & Co. IL increased its position in iShares MSCI USA Momentum Factor ETF by 7.8% during the 1st quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock worth $1,484,000 after purchasing an additional 571 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $201.80 on Friday. The firm has a 50 day moving average price of $193.38 and a 200 day moving average price of $190.35. The company has a market cap of $10.93 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

iShares MSCI USA Momentum Factor ETF Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.